Welcome to our dedicated page for Hanover Bancorp news (Ticker: HNVR), a resource for investors and traders seeking the latest updates and insights on Hanover Bancorp stock.
Hanover Bancorp, Inc. reports developments for its bank holding company business and wholly owned Hanover Community Bank. News commonly covers operating results, net interest margin, deposits, loan growth, credit costs, dividends on common and Series A preferred shares, and capital actions such as subordinated debt.
Other updates address commercial real estate lending, business, personal and municipal banking, digital banking channels, branch footprint, and community banking activity in Long Island and the New York metropolitan area.
Hanover Bancorp (NASDAQ: HNVR) reported second quarter 2026 net income of $4.1 million, or $0.55 per diluted share (including Series A preferred), up from $2.4 million, or $0.33, a year earlier. Adjusted (non-GAAP) net income was $4.3 million, or $0.58 per diluted share.
Net interest income rose to a record $16.8 million, up 13.36% year over year, as net interest margin expanded to 3.10% from 2.76%. Demand deposits grew 7.13% sequentially to a record $254.3 million. For the first half of 2026, net income was $5.9 million and adjusted net income $8.3 million.
The Board declared a $0.10 per share cash dividend on common and Series A preferred shares, payable August 13, 2026 to shareholders of record on August 6, 2026. Hanover repurchased 112,346 shares (about 1.6% of beginning shares) at an average $23.54 and named Kevin O’Connor President effective July 27, 2026. Total assets were $2.34 billion and deposits $2.01 billion at June 30, 2026, with a 99% loan-to-deposit ratio and a new Riverhead, NY branch expected to open in third quarter 2026.
Hanover Bancorp (NASDAQ: HNVR) and Hanover Community Bank appointed Kevin O’Connor as President of both the Company and the Bank, effective July 27, 2026. In this role, he is expected to support expansion and regional growth across the Long Island market.
O’Connor brings more than 35 years of banking experience, including leadership positions at Valley Bank, Dime Community Bank, Bridgehampton National Bank, North Fork Bank and KPMG, plus extensive involvement in Long Island business and community organizations.
Hanover Bancorp (NASDAQ: HNVR) reported first quarter 2026 results with net income of $1.9 million ($0.25 per diluted share) and adjusted net income of $4.0 million ($0.54 per diluted share) excluding severance. Net interest income was $16.4 million and net interest margin expanded to 2.96%. The board declared a $0.10 quarterly cash dividend payable May 18, 2026. The company completed a $35 million subordinated notes issuance and restructured $60.3 million of FHLB advances, saving ~$40,000 monthly in interest expense. Total assets were $2.37 billion and loan-to-deposit ratio remained 99%.
Hanover Bancorp (NASDAQ: HNVR) completed a private placement of $35 million fixed-to-floating subordinated notes due 2036 on March 12, 2026. The Notes pay 7.25% semi-annually until March 15, 2031, then reset quarterly to SOFR+386 bps. They received a BBB+ rating and are intended to qualify as Tier 2 capital. Net proceeds will redeem $25 million of outstanding subordinated notes and support general corporate purposes, including contributing equity to Hanover Community Bank.
Hanover Bancorp (NASDAQ: HNVR) announced the appointment of William J. Newham III as Executive Vice President and Chief Commercial Real Estate Lending Officer on January 29, 2026. Newham brings over two decades of commercial real estate banking experience and local market expertise in Suffolk County and the New York metro area.
The move is positioned to strengthen Hanover Bank's commercial real estate lending platform, support core deposit growth, and pursue CRE opportunities created by consolidation in the banking industry while emphasizing relationship-based, local decision-making.
Hanover Bancorp (NASDAQ: HNVR) reported full-year 2025 results and declared a $0.10 quarterly cash dividend payable Feb 26, 2026 to holders of record Feb 12, 2026. Key 4Q25 metrics: net income $0.033M after a $6.1M PCL, pre-provision net revenue $6.2M (1.08% of assets), NIM 2.84% and deposits $2.03B.
The company removed $9.6M of NPLs, repurchased 56,711 shares in 4Q25, and plans a Riverhead branch pending regulatory approval.
Hanover Bancorp (NASDAQ: HNVR) reported third quarter 2025 results and declared a $0.10 per share quarterly cash dividend payable November 20, 2025 to shareholders of record November 13, 2025.
Key Q3 results: net income $3.5M ($0.47 diluted), pre-provision net revenue $6.0M, net interest income $15.2M, and net interest margin 2.74%. Loans totaled $1.99B and total deposits were $1.97B. Undrawn liquidity sources were $712.2M (~253% of uninsured deposits). Book value per share rose to $27.03 and tangible book to $24.43 at September 30, 2025.
Hanover Bank (Nasdaq: HNVR) has launched its completely redesigned website, marking a significant upgrade to its digital presence. The new platform features enhanced user functionality, responsive design, and intuitive navigation across all devices.
The redesigned website focuses on three primary service verticals: business, personal, and municipal banking. Key improvements include a modernized user interface, mobile responsiveness, simplified access to banking solutions, and SEO-optimized content. Chairman and CEO Michael P. Puorro emphasized this launch as part of the bank's strategic initiatives for long-term growth.
Hanover Bank (Nasdaq: HNVR) has launched its first-ever radio and digital audio advertising campaign to strengthen its community presence and support its growth strategy. The campaign will air on major local stations including WALK-FM, WBAB-FM, 1010 WINS, and WFAN, along with geo-targeted ads on SPOTIFY® within a 10-mile radius of Hanover branches.
The initiative coincides with the bank's physical expansion, including its recent Port Jefferson branch opening and plans for additional locations. The campaign aims to highlight Hanover's customized service approach and commitment to serving local businesses and communities across Long Island and the New York metropolitan area.
Hanover Bancorp (NASDAQ:HNVR) reported Q2 2025 results with net income of $2.4 million or $0.33 per diluted share. Key highlights include net interest income of $14.8 million, up 11.69% year-over-year, and net interest margin expansion to 2.76%.
The bank demonstrated strong demand deposit growth of $28.1 million (13.03%) from March 31, 2025, maintaining solid liquidity with $686.5 million in undrawn sources. Asset quality remained robust with non-performing loans at 0.64% of the total portfolio. The company was added to the Russell 2000 Index and declared a $0.10 per share quarterly dividend.